Asia Top News and Analysis Indonesia

  • GLOBAL MARKETS-Stocks, oil falter on view on China economy. STOCK TO WATCH- ALLIANCE GLOBAL GROUP INC. Shares of conglomerate Alliance Global, which have risen sharply over the past month, could reverse, technical charts suggest.

  • SE ASIA STOCKS-Most retreat amid global concerns; Jakarta off record STOCKS TO WATCH-- DBS GROUP HOLDINGS LTD. -Southeast Asia's largest bank DBS said on Monday this year it will be holding its board meeting in Taiwan for the first time, in a move aimed at underscoring the importance of the market to the bank.

  • Following is a list of events in Malaysia as well as news company-related and market news which could have an influence on the local market.

  • rose 38 cents to $89.71 a barrel in early Asia trading, after dropping 55 cents the previous session. *Turkish President Abdullah Gul said on Monday the "worst-case scenarios" were now playing out in Syria and Turkey would do everything necessary to protect itself, as its army fired back for a sixth day after a shell from Syria flew over the border.

  • MANILA, Oct 9- The Philippines has long been among Asia's most aggressive sovereign borrowers. Much of the enthusiasm for the Philippines-- not so long ago considered the "sick man of Asia"-- reflects President Benigno Aquino III's efforts to curb corruption, reduce the budget deficit and increase spending on infrastructure.

  • MANILA, Oct 9- The Philippines has long been among Asia's most aggressive sovereign borrowers. Much of the enthusiasm for the Philippines-- not so long ago considered the "sick man of Asia"-- reflects President Benigno Aquino III's efforts to curb corruption, reduce the budget deficit and increase spending on infrastructure.

  • MOYO ISLAND, Indonesia, Oct 9- The seaplane taxiing over a coral reef to deliver tourists to a remote luxury resort may soon become a more familiar sight in Indonesia, an archipelago of 17,000 islands and only 183 airports.

  • BALI, Indonesia-- Ten years after terrorist attacks at two Bali nightclubs killed more than 200 people, mostly foreign tourists, Indonesia has won international praise for its counterterrorism efforts. "It turns out that the terrorism problem in Indonesia is not finished yet," said Maj.

  • KUALA LUMPUR, Oct 8- The National Bank of Abu Dhabi, the second-largest bank in the United Arab Emirates by assets, plans to triple its contribution from Islamic banking by introducing sharia-compliant services in Egypt, Oman and Malaysia.

  • Oct 08-=============================================================================== Summary analysis-- PT Pertamina------------------------ 08- Oct-2012=============================================================================== CREDIT RATING: BB+/ Positive/-- Country: Indonesia Primary SIC: Combination utilities, nec Mult. The rating on integrated oil and gas company PT Pertamina reflects the company's critical role and integral link with the government of Indonesia.

  • SINGAPORE, Oct 8- Electronics and furniture retailer Courts Asia Ltd, which operates stores in Singapore and Malaysia, launched an initial public offering in Singapore to raise S $137 million mainly to fund its expansion in Indonesia.

  • SINGAPORE, Oct 8- The Asian naphtha price was at a two-session low of $957.50 a tonne on Monday on lower Brent crude, while the intermonth premium fell to a two-week low of $11.50 a tonne on muted spot purchases from petrochemical makers.

  • KUALA LUMPUR, Malaysia-- The National Bank of Abu Dhabi launched its commercial banking operations in Malaysia on Monday, and will also debut in Shanghai this week as part of its expansion in Asia.

  • BANGKOK, Oct 8- Southeast Asian stocks mostly retreated on Monday amid concerns over the global economic outlook, with Indonesia coming off an intraday record on selling in recent gainers such as Astra International. property shares led Singapore lower.

  • KUALA LUMPUR, Malaysia-- The National Bank of Abu Dhabi has launched its commercial banking operations in Malaysia and will debut in Shanghai this week as part of its expansion in Asia.

  • Foreign funds to Indonesia's stock market stood at $99 million in the week ended Oct. 5, a fifth straight week,. It reported $99 million inflows for the week ended Oct. 5, adding to a combined $985 million inflows of the previous four weeks, Thomson Reuters data showed. The Philippine Stock Exchange index closed at a record high of 5,443.74 on Oct. 4.

  • SINGAPORE, Oct 8- India's Mangalore Refinery and Petrochemicals Ltd sold a lower sulphur gasoil cargo and offered another, its first such cargoes in more than a year, as it moves away from exporting the polluting high sulphur grade, traders said on Monday.

  • JAKARTA, Oct 8- Retail sales in Indonesia grew 11.4 percent in August from a year ago, boosted by increasing consumption of clothes and foot wear, as well as food and beverages, a survey by the central bank showed on Monday. The retail sales index for August was at 152.1, growing at a slower pace year-on-year than the previous month.

  • JAKARTA, Oct 8- Consumers in Southeast Asia's biggest economy were more confident in September due to rising optimism on jobs and pay, a central bank survey showed on Monday. Bank Indonesia's September consumer confidence index rose slightly to 117.7, from 115.7 a month earlier.

  • BEIJING-- The World Bank cut its growth forecast for Asia on Monday in a new sign of the impact of weakening global demand and warned China's cooling economy faces the risk of a "more pronounced slowdown." The bank cut its forecast for China, the region's biggest economy, to 7.7 percent from May's 8.2 percent.